Air Traffic Management Market worth $18.8 billion by 2025
Posted: Oct 28, 2019
This Report provides an analysis of the Air Traffic Management (ATM) market from 2018 to 2025. It discusses industry and technology trends that are currently prevailing in the market and analyzes the factors that drive and restrain the growth of the ATM market as well as the challenges faced. The ATM market is projected to grow from USD 14.1 billion in 2018 to 18.8 billion by 2025, at a CAGR of 4.20% from 2018 to 2025. Factors such as increasing airport investments and modernization of ATM infrastructure are expected to drive the growth of the market.
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The ATM Market is segmented on the basis of airspace, component, end use, investment, and region. Based on airspace, the Aeronautical Information Management (AIM) segment is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the constant need to update real-time aeronautical information for safe, efficient, and economical ATM.
Based on component, the software segment is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the need to enhance software with regular updates as well as increasing automation which relies on software algorithms.
Based on end use, the commercial segment is projected to grow at a higher CAGR during the forecast period. Commercial air traffic is higher and has greater frequency than tactical air traffic. The extensively used ATM system and timely upgradations in growing commercial air traffic is the driver leading the commercial segment to be the fastest-growing.
Based on investment type, the brownfield segment is projected to grow at a higher CAGR during the forecast period. Growth of this segment can be attributed to the higher investments in modernizing, renovating, and upgrading existing airports.
Based on region, The ATM market has been segmented into 5 regions, namely, North America, Asia Pacific (APAC), Europe, the Middle East, and Rest of the World (includes Latin America and Europe). The market in Europe is expected to grow at the highest CAGR during the forecast period. This growth is expected to be due to the Single European Sky (SES) program and upgradations to the existing ATM systems. Demand for ATM across Europe is expected to grow at a high rate when the SES initiative is integrated.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.